Westshore Terminals Inc.

WTE-T

TSE:WTE

16.86
0.02 (0.12%)
Westshore Terminals is Canada's premier, most technologically-advanced coal export terminal, located in the Metro Vancouver area. With an export capacity of 33 million tones per year, Westshore Terminals handles around 250 ships per year.
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Analysis and Opinions about WTE-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 2, 2010
It is a core holding. It will go into a corporate form in a year. As long as bonds are not paying you an income, investors will come into the market every day and this has a high yield. Would buy more at $12
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It is a core holding. It will go into a corporate form in a year. As long as bonds are not paying you an income, investors will come into the market every day and this has a high yield. Would buy more at $12
TOP PICK
TOP PICK
January 28, 2010
Likes metallurgical coal, which is increasing in pricing because of demand from Chinese steel companies. A more stable way to play this trend because they own one of the largest coal loading terminals in North America. Every time coal gets shipped they earn a fee and they have provisions in their contract they earn upside in pricing goes higher. About 8% yield.
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Likes metallurgical coal, which is increasing in pricing because of demand from Chinese steel companies. A more stable way to play this trend because they own one of the largest coal loading terminals in North America. Every time coal gets shipped they earn a fee and they have provisions in their contract they earn upside in pricing goes higher. About 8% yield.
BUY
BUY
January 27, 2010
At the moment they are in the right place at the right time. Oscillations in this stock are directly related to shipping of coal, particularly metallurgical coal. If you have an outlook longer than 2 years, this would be relatively safe.
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At the moment they are in the right place at the right time. Oscillations in this stock are directly related to shipping of coal, particularly metallurgical coal. If you have an outlook longer than 2 years, this would be relatively safe.
HOLD
HOLD
December 30, 2009
(Market Call Minute.) Coal terminal in BC. Expects there will be more demand for coal from Asia.
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(Market Call Minute.) Coal terminal in BC. Expects there will be more demand for coal from Asia.
BUY
BUY
December 22, 2009
(Market Call Minute) Will do well if you expect recovery to take hold
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(Market Call Minute) Will do well if you expect recovery to take hold
BUY
BUY
December 14, 2009
This is an asset that is irreplaceable and has no debt. There is very strong coal demand out of Asia.
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This is an asset that is irreplaceable and has no debt. There is very strong coal demand out of Asia.
BUY WEAKNESS
BUY WEAKNESS
December 10, 2009
Waiting for a better price is a good strategy. The market will give you opportunities to buy. 9% yield.
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Waiting for a better price is a good strategy. The market will give you opportunities to buy. 9% yield.
HOLD
HOLD
December 7, 2009
(Market Call Minute.) Passes on coal through the BC terminal and has a pretty good yield.
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(Market Call Minute.) Passes on coal through the BC terminal and has a pretty good yield.
PAST TOP PICK
PAST TOP PICK
December 4, 2009
(A Top Pick Oct 29/08. Up 30.96%.)
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(A Top Pick Oct 29/08. Up 30.96%.)
WAIT
WAIT
December 1, 2009
40% of volumes are Tech. Contracts have not been settled. There is uncertainty. At 12 or 12.50 it is a pretty good buy, but at present it is fairly valued. Wait for contracts to be settled. May trim distributions on conversion to corporation.
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40% of volumes are Tech. Contracts have not been settled. There is uncertainty. At 12 or 12.50 it is a pretty good buy, but at present it is fairly valued. Wait for contracts to be settled. May trim distributions on conversion to corporation.
TOP PICK
TOP PICK
November 3, 2009
10% yield. Is a terminal for coal. Largest in Canada and one of the largest in the world. It’s important that coal has held up. No debt. 25% cash. Great story. It’s a tollbooth. Everything that goes through it makes money.
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10% yield. Is a terminal for coal. Largest in Canada and one of the largest in the world. It’s important that coal has held up. No debt. 25% cash. Great story. It’s a tollbooth. Everything that goes through it makes money.
HOLD
HOLD
October 2, 2009
Coal shipping terminals and main customer is Teck Resources (TCK.B-T). Contract allowed them to take some of the upside in coal prices, so benefited tremendously from the run-up. Contract now up for renewal and the fear is that Teck will try to get a lot of concessions. Attractive yield, which they can support over the next couple of years but there could be a reduction of 20%-25% when they have to convert in 2011.
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Coal shipping terminals and main customer is Teck Resources (TCK.B-T). Contract allowed them to take some of the upside in coal prices, so benefited tremendously from the run-up. Contract now up for renewal and the fear is that Teck will try to get a lot of concessions. Attractive yield, which they can support over the next couple of years but there could be a reduction of 20%-25% when they have to convert in 2011.
DON'T BUY
DON'T BUY
September 29, 2009
(Market Call Minute) Lot of Teck (TCK.B-T) exposure. Have to figure out what the contract with Teck is going to be.
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(Market Call Minute) Lot of Teck (TCK.B-T) exposure. Have to figure out what the contract with Teck is going to be.
TOP PICK
TOP PICK
September 14, 2009
Stores and ships coal overseas. Thinks there is a real ramp up coming for metallurgical coal from overseas. Shipping 12 million tons but can ship 29 million once the new expansion is done. No debt. 8.3% is very sustainable.
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Stores and ships coal overseas. Thinks there is a real ramp up coming for metallurgical coal from overseas. Shipping 12 million tons but can ship 29 million once the new expansion is done. No debt. 8.3% is very sustainable.
COMMENT
COMMENT
September 11, 2009
Had a nice run based on continuing strength of coal markets because of steel demands from China. As long as that continues you could see this start to run. A good way to play the China story. Distribution is quite safe. No debt. 8.25% yield.
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Had a nice run based on continuing strength of coal markets because of steel demands from China. As long as that continues you could see this start to run. A good way to play the China story. Distribution is quite safe. No debt. 8.25% yield.
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